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Author Topic: Fred93 blog - 09/01/2009 Lendingclub Late Loan Stats Update  (Read 3282 times)

Fred93

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Fred93 blog - 09/01/2009 Lendingclub Late Loan Stats Update
« on: September 06, 2009, 12:37:26 am »
Fred just posted updated late loan charts for lendingclub.  

http://fred93blog.blogspot.com/2009/09/lendingclub-09012009-late-loan-stats.html


« Last Edit: October 20, 2009, 02:45:29 am by Fred93 »
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ira01

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Re: Fred93 blog - 09/01/2009 Lendingclub Late Loan Stats Update
« Reply #1 on: September 06, 2009, 12:46:26 am »
Ignoring the first few months, which were very bad, it looks like about 8% of LC loans go bad after one year (the 390-day mark).  Considering that LC interest rates were considerably lower than Prosper's, IIRC, it doesn't seem like LC lenders will fare much better than on Prosper.
« Last Edit: September 09, 2009, 01:04:51 am by ira01 »
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pjz

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Re: Fred93 blog - 09/01/2009 Lendingclub Late Loan Stats Update
« Reply #2 on: September 08, 2009, 06:56:41 pm »
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pjz

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Re: Fred93 blog - 09/01/2009 Lendingclub Late Loan Stats Update
« Reply #3 on: September 08, 2009, 06:58:09 pm »
Thanks Fred for the info.
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pioneer11

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Re: Fred93 blog - 09/01/2009 Lendingclub Late Loan Stats Update
« Reply #4 on: September 08, 2009, 07:27:49 pm »
Jan 09 is really off and running.
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